Episode 128: 2 Ways To Start A Business When You Don’t Have Any Funds

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COMMIT FIRST with Sagi Shrieber

Sagi Shrieber

136 episodes

1 day ago

I'm Sagi, a 7 figure creative business owner coming from a design and tech entrepreneur background and with a deep passion for personal development and mental fitness. On this show I interview entrepreneurs that I believe will help me grow as a creative individual - and to step up to the next level of ourselves, as well as people in the tech scene that I find incredibly interesting. These are people that have achieved tremendously exceptional results and most importantly - have built themselves up to be the kind of people that achieve these kind of results! We talk about the strategies, tactics, and mindset needed in order to flourish in all areas in life, and fulfill our potential in this world, even in unpredictable times. The deep and diverse interviews here offer practical tips and strategies, from entrepreneurship to health and wellness, personal development, and spirituality. Enjoy - and don't forget to follow and rate the show if you liked it!

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Episode 128: 2 Ways To Start A Business When You Don’t Have Any Funds

COMMIT FIRST with Sagi Shrieber

5 minutes 37 seconds

2 years ago

Episode 128: 2 Ways To Start A Business When You Don’t Have Any Funds

2 Ways To Start A Business When You Don’t Have Any Funds

In this episode, one person came to us today and he was like an artist and he wants to develop his business as an artist, but he is like a very talented artist, but at the moment, his art is not selling. So I just wanted to share some of the insights that we gave.

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Timestamps & Gold Gems:

[1:37 - 2:00] Sagi Shrieber ⭐Gold Gem

It's a lot of budget to self-fund. This whole like social media thing, right? And I wouldn't be able to grow it in the direction that I want to. And again, it comes to the long-term vision cause when you have that long-term vision, you can actually do it. If you don't have that long-term vision, then you're stuck. You can chase your own tail. So one direction is to self-fund it, bootstrap it, work your way, build a business around your superpowers.

[2:49 - 3:02] Sagi Shrieber ⭐Gold Gem

If you don't have the long-term vision and all you want to do now is your gut feeling, which is I’m going to work on my art or on this new direction, which is not going to bring me money, probably around like the upcoming months or even years, then you're not doing the right thing.

[3:15 - 3:31] Sagi Shrieber ⭐Gold Gem

The other thing we just told him is there's another route. You can get investment, right? But that means you're putting all your focus right now, on finding an investor on meeting and pitching investors and getting some funds in to fund your operation, right? Like a startup like a lot of companies do, which is ok.

[4:06 - 4:21] Sagi Shrieber ⭐Gold Gem

I am a bootstrapper by heart. If I bring money in, it would be out of the pure necessity of bringing an investor in because it's a strategic move or I've figured out the product market fit and now you know I can grow. This is why you bring investment in, mostly.

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Commit First is a Personal Development Podcast for Entrepreneurs and can be found on:
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